Caribbean hotel rivals beatBahamas' 5 RevPAR rise

Fri, Mar 2nd 2012, 09:00 AM

By NEIL HARTNELL

Tribune Business Editor

THE BAHAMIAN hotel industry's 5 per cent revenue per room (RevPAR) increase for the first nine months in 2011 was overshadowed by greater rises in many Caribbean competitors, as an industry consultant yesterday told the sector: "It's in your hands to aggressively push rates in 2012."

Parris Jordan, managing director of HVS Global Hospitality Services' Bahamas office, told Tribune Business he was hoping to see this nation's hotel industry raise average room rates in 2012, given the increasing visitor demand and absence of new room supply.

Warning Bahamas-based hotels that they would "leave money on the table" if they failed ...

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